Financial Management Standards of Selected Multi-Purpose Cooperative in its Credit Operations

Abstract

The objective of this study is to determine the effectiveness of financial management standards of a selected multi-purpose cooperative in its credit operations in Pasay City. The study used the descriptive design wherein a researcher-made questionnaire was employed. Frequency and Percentage Distribution, Weighted Mean, ANOVA, t-Test, f-ratio and Ranking were utilized as statistical tools. The respondents agreed on the effectiveness of the financial management standards of a multi-purpose cooperative in its credit operations. There were no significant differences in the respondents’ assessment on the effectiveness of the financial management standards of the multi-purpose cooperative in its credit operations when grouped by age, sex and educational attainment; while, statistically different when grouped by number of years as member of cooperative and average of annual number of seminars/trainings. Multi-purpose Cooperative should continue to intensify its financial management standards. It should provide education, seminars and trainings for their members, elected representatives and other agents of the cooperatives for them to contribute effectively to the development of the cooperative. Further studies can be done about financial management standards in its credit operation of the multi-purpose cooperative.